Nebras Power signed a Memorandum of Understanding (MOU) with Korea Electric Power Corporation (KEPCO).
The MOU between Nebras Power, the leading Qatar-based power investment company and KEPCO, the largest state-owned utility provider in Korea, is a pioneering agreement that strengthens the strategic cooperation between two international companies in the field of energy investments.
Under this new agreement, Nebras Power and KEPCO will bolster their alliance by jointly identifying and investing in projects that utilize different fuels, including renewable energy.
On the occasion of the signing of the MOU, Chairman of Nebras Power Eng. Fahad bin Hamad Al Mohannadi said “We would like to express our optimism on the signing of this agreement and its significance to the evolution and growth of our company. At Nebras Power we are always endeavoring to strengthen our relationships with prominent international organizations through seminal projects and initiatives. This MOU with KEPCO illustrates our promise to broaden our portfolio of investments worldwide.”
For his part, CEO of Nebras Power Eng. Khalid Mohammed Jolo said “This agreement is representative of Nebras Power’s prominent role in the energy sector and its ambition to secure robust investments globally by creating new partnerships and studying investment opportunities with trusted international partners.”
Nebras Power is currently focused on building its investment portfolio in a progressive and balanced manner as part of its commitment to the 2030 National Vision. Further to this mandate, it will continue to increase its generation capacity from electricity and water while taking into account the importance of diversity in fuels.
Nebras Power Q.P.S.C. headquartered in Doha, State of Qatar, is a joint venture of Qatar Electricity and Water Company (QEWC) (60%) and Qatar Holding (QH) (40%).
It is a strategic investor in the power and water sectors with a global vision. Its target is a well-balanced investment portfolio in terms of technology mix, markets and greenfield development vs M&A development. It is committed to providing safe, sustainable, efficient and environmentally sound energy solutions for future generations.